Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.033%

Price spread now: SoDEX against Bybit−0.031%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.031% cheaper against Bybit than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$2 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MRVLUSDT	257.71	0	get 0.0000% / 8h	1h 45m	$5.1M	$4.1M	50x
Short	SoDEX MRVL-USD	257.63	0.0050	get 0.0006% / 1h	45m 28s	$263	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee SoDEXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $10.5
Price spread: −0.031% → 0.000%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.6
Costs to cover: 0.190%
Break-even: 14.7 days

Slippage unknown: Bybit: live order book, 2 min ago; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	0.97 bp	12.4 bp −$12	26.2 bp −$262	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MRVL on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MRVL-PERP	−0.0157%	1h	257.75	+0.015%	$152K	$258K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	−0.0138%	1h	257.58	−0.050%	$22K	$143K	10x	as long as short
BloFin MRVL-USDT	−0.0017%	8h	257.55	−0.062%	$376K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.71	−0.001%	$311K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.68	−0.011%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.81	+0.037%	$24.1M	$114.9M	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	257.71	long leg	$5.1M	$4.1M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	257.78	+0.027%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.87	+0.062%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.87	+0.062%	$5.6M	$16.3M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	0.0000%	8h	257.80	+0.036%	$711K	$759K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.64	−0.027%	$642	$246K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	257.66	−0.019%	$2K	$7.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.56	−0.058%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	257.57	−0.053%	$598	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	257.86	+0.058%	$91K	$208K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	257.38	−0.128%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.06	+0.136%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.66	−0.019%	$14.6M	$9.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	257.89	+0.070%	$106K	$66K	10x	as long as short
SoDEX MRVL-USDshort	+0.0050%	1h	257.63	−0.031%	$263	$14K	10x
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.43	−0.109%	$588K	$941K	10x	as long as short
QFEX MRVL-USD	+0.0064%	1h	257.79	+0.031%	$1.1M	$4.2M	10x	as long as short
Paradex MRVL-USD-PERP	+0.0065%	8h	257.72	+0.005%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.59	−0.047%	$510K	$70K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.47	−0.093%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.66	−0.019%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.64	−0.027%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	257.50	−0.081%	$317K	$892K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	257.73	+0.008%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	260.35	+1.024%	$11K	$610	12x	as long as short
edgeX MRVLUSDC	+0.0706%	4h	257.62	−0.034%	$36K	$369K	10x	as long as short